SOC102H1 Study Guide - Comprehensive Final Exam Guide - Canada, Economic Inequality, Social Class
Document Summary
Toronto is 15th among the world"s top 20 millionaire and multi-millionaire havens. 1184 multimillions (net assets > million us) Since 2006, unemployment for all university grads has risen. Ability to find work related to their fields has dropped. Allowing for inflation, average salaries have also declined. In the past university grads were more secure. More students now report traumatic emotional problems in the last 12 months (globe and mail, 20-25% of toronto youth are unemployed (not in a job, education or training) Why is there rising youth unemployment and anxiety despite great wealth in the city. Private investors are sending money overseas to gain higher profit via free trade. Canadian governments are taxing at a low rate to win elections and lure multinational corporations. Fewer people are retiring at age 65 these days. People have different life chances (max weber) i. e. different opportunities to become wealthy, powerful and respected chances are socially structured, not random.
